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5 Franklin Place Chattanooga, TN $ 185,000
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5 Franklin Place
$ 185,000
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5 Franklin Place

Chattanooga, TN, 37412
$ 185,000
Bedrooms3 Baths3.0 Sq 2,724

Monthly Estimate*

$ 1,139

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Multi-Family Home for sale in Chattanooga, TN

for $185,000 with 3 bedrooms and 3 full baths. This 2,724 square foot home was built in 1930.

Income-producing multi-family property with 2 of the 3 units rented month to month with LONG TERM TENANTS, each featuring one bedroom and one bathroom. This investment opportunity offers immediate cash flow with a gross monthly income of $1,440 per month, a 9.3% CAP RATE. Unit #1 was previously rented for $740 a month. With all 3 units rented out, the new owner could have a +/- 14% CAP RATE. The property includes a metal roof, a convenient community laundry area, and owner-paid utilities. Whether you're looking to continue renting for a steady income, renovate and increase rents for greater returns, or even live in one unit while renting out the others to cover your mortgage, this property offers endless possibilities. Don't miss out on this versatile investment in a prime location! No showings without an accepted offer contingent on the buyer touring the property and approving the property.

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Multi-Family Active

Price

$ 185,000

Bedrooms

3

Full Bath

3

Property Type

Multi-Family

Taxes

$ 1,264

Style

Triplex

Year Built

1930

Town/City

Chattanooga

County/Region

Hamilton

MLS | Web ID

3132231
Features
General
Living Area 2724
Sewer Public Sewer
Heating Electric
Cooling Wall/Window Unit(s)
Utilities Electricity Available Water Available
Possession Close Of Escrow
Roof Metal
Construction Materials Aluminum Siding Other
Year Built 1930
Tenant Pays None
Stories Count 1
Levels Three Or More
County Hamilton County TN
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name Hewitt Wilson Etal
Rent Includes Other
Status Active
Buyer Financing Other
Directions From I-24 W take exit 184 toward Moore Rd. Merge onto North Terrace. Turn left onto S Germantown Rd. Turn right onto Cathy Ln. Turn left onto Donaldson Rd. Continue straight onto Poindexter Ave. Turn
High School East Ridge High School
City Chattanooga
Senior Community Y/N N
Number Of Units Total 3
Lot Size Units Acres
Carport Spaces 3
Carport Y/N Y
Elementary School East Ridge Elementary School
Property Attached Y/N Y
Year Built Details Existing
Tax Annual Amount 1264
Middle/Junior High School East Ridge Middle School
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Total Actual Rent 1440
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Exterior
Parking Features Detached Attached Driveway
Water Source Public
Total Parking 3
Building Area Total 2724
Lot Dimensions 72.5X126
Waterfront Y/N N
Covered Spaces 3
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Interior
Air Conditioning Y/N Y
Heating Y/N Y
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Owner
Above Grade Finished Area Source Owner
Above Grade Finished Area Unit Type Square Feet
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Internal Only
Street Number 1 5
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* Excluded Features
List By
Real Estate Partners Chattanooga, Llc

Broker

dustin@thedustinmullinsteam.com

Email

Affordability Calculator

$1,244
Per Month
92%
8%
0%
Monthly Principal & Interest
$1,139
Monthly Property Taxes
$105
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4313854 Elementary School
3632229 Middle School
East Ridge High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/18/2026$185,000 Listed Price

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5 Franklin Place, Chattanooga, TN, 37412 is a Multi-Family Home for sale at $185,000 with 2,724 sqft. 5 Franklin Place has 3 bedrooms, 3.0 baths, and was built in 1930. The property's zip code is 37412 which is in Chattanooga, TN

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